The earnings call highlighted strong demand and retention rates across key markets, successful expansion in Atlanta, and promising AI initiatives. However, challenges were noted in Los Angeles and expansion markets due to job growth issues and new supply, along with reduced acquisition guidance.

Company Guidance

In the second quarter of 2025, Equity Residential reported strong demand and resident retention, driven by a low unemployment rate of 4.2% and an even lower rate of 2.7% among college-educated individuals. The company observed a 3% blended rate growth, supported by a 5.2% renewal rate, with 60% of residents renewing their leases. Physical occupancy remained robust at 96.6%, despite a slight negative trend in new lease rates. The company also noted that only 7.2% of residents moved out to purchase homes, one of the lowest rates recorded. Equity Residential adjusted its acquisition expectations from $1.5 billion to $1 billion for the year due to competitive pricing, and it plans to match sales with acquisitions. Looking ahead, the company expects a blended rate growth range of 2.2% to 2.8% for the third quarter, with continued strong occupancy and low turnover setting up a favorable outlook for 2026, amid a significant anticipated drop in competitive supply.

Strong Resident Retention and Demand

Equity Residential reported high retention rates and strong demand across markets, with the unemployment rate for their key demographic, college-educated individuals, at 2.7%.

Expansion in Atlanta

The company expanded its presence in Atlanta by acquiring an 8-property portfolio, achieving economies of scale and operational efficiencies.

AI and Innovation Initiatives

Equity Residential's AI leasing application pilots reduced application completion time by over 50%, significantly improving fraud detection and resident underwriting.

New York and San Francisco Market Performance

New York and San Francisco showed strong revenue results with high occupancy and minimal new supply, with San Francisco experiencing a 5.8% blended rate growth.

Equity Residential (EQR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

EQR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.41 / -	0.38	―	―	―
Jun 30, 2025	2025 (Q2)	0.34 / 0.50	0.47	6.38% (+0.03)	―	―
Apr 29, 2025	2025 (Q1)	0.26 / 0.67	0.77	-12.99% (-0.10)	―
Feb 03, 2025	2024 (Q4)	0.41 / 1.10	0.82	34.15% (+0.28)
Oct 30, 2024	2024 (Q3)	0.41 / 0.38	0.45	-15.56% (-0.07)
Jul 29, 2024	2024 (Q2)	0.38 / 0.47	0.37	27.03% (+0.10)
Apr 23, 2024	2024 (Q1)	0.33 / 0.77	0.56	37.50% (+0.21)	―
Jan 30, 2024	2023 (Q4)	0.43 / 0.82	0.42	95.24% (+0.40)	―
Oct 31, 2023	2023 (Q3)	0.47 / 0.45	0.86	-47.67% (-0.41)
Jul 27, 2023	2023 (Q2)	0.38 / 0.37	0.59	-37.29% (-0.22)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

EQR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 30, 2025	$67.49	$67.26	-0.34%
Apr 29, 2025	$68.83	$69.56	+1.06%
Feb 03, 2025	$68.95	$69.23	+0.41%
Oct 30, 2024	$71.82	$68.34	-4.85%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Equity Residential (EQR) report earnings?

Equity Residential (EQR) is schdueled to report earning on Nov 04, 2025, After Close (Confirmed).

What is Equity Residential (EQR) earnings time?

Equity Residential (EQR) earnings time is at Nov 04, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is EQR EPS forecast?

EQR EPS forecast for the fiscal quarter 2025 (Q3) is 0.41.

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